NXP Semiconductors (NASDAQ:NXPI) COO Sells $204,860.00 in Stock

NXP Semiconductors (NASDAQ:NXPI) COO Andrew Micallef sold 1,000 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the transaction, the chief operating officer now directly owns 8,828 shares of the company’s stock, valued at $1,808,504.08. This represents a 10.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

NXP Semiconductors Trading Down 1.3 %

NXPI traded down $2.73 during mid-day trading on Tuesday, reaching $207.10. The stock had a trading volume of 1,654,544 shares, compared to its average volume of 2,290,807. NXP Semiconductors has a 52 week low of $198.21 and a 52 week high of $296.08. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The stock has a market capitalization of $52.52 billion, a P/E ratio of 21.28, a P/E/G ratio of 3.01 and a beta of 1.47. The firm’s fifty day simple moving average is $215.88 and its two-hundred day simple moving average is $224.05.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be given a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 1.96%. NXP Semiconductors’s dividend payout ratio is currently 41.62%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NXPI. Norges Bank bought a new position in shares of NXP Semiconductors in the 4th quarter worth $672,224,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of NXP Semiconductors by 387.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider’s stock worth $550,665,000 after purchasing an additional 1,823,650 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of NXP Semiconductors by 27.1% in the 4th quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider’s stock worth $803,432,000 after purchasing an additional 824,317 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of NXP Semiconductors by 337.2% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider’s stock worth $225,591,000 after purchasing an additional 724,951 shares during the last quarter. Finally, Voloridge Investment Management LLC boosted its position in shares of NXP Semiconductors by 131.4% in the 4th quarter. Voloridge Investment Management LLC now owns 1,025,517 shares of the semiconductor provider’s stock worth $213,154,000 after purchasing an additional 582,317 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on NXPI. Stifel Nicolaus cut their price objective on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a research report on Wednesday, February 5th. Susquehanna dropped their target price on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. StockNews.com cut NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Cantor Fitzgerald reissued an “overweight” rating and issued a $250.00 target price on shares of NXP Semiconductors in a report on Tuesday, February 4th. Finally, Citigroup raised NXP Semiconductors from a “neutral” rating to a “buy” rating and increased their target price for the stock from $210.00 to $290.00 in a report on Thursday, February 20th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $267.00.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.